In recent times Alternet Systems Inc (OTCMKTS:ALYI) has come into the attention of investors in a big due to its work with electrical motorcycles but over the course of the past month the stock has performed poorly.
In the past month, the Alternet stock has been in the middle of a strong selloff and has clocked declines of as much as 40%. Despite the losses recorded by the stock it might be a good move for investors to keep in mind that the company is currently involved in working on the pilot for its electric motorcycle project in Africa. It is a vital project for the company and could prove to be the trigger for future growth.
In this regard, it is important to point out that on Friday it emerged that the Chief Executive Officer of Alternet, Randall Torno has gone to Nairobi. He is currently stationed there in order to oversee the pilot project and to coordinate the entire process with the company’s partners.
The electric motorcycle pilot is going to be part of an on demand service and makes for one of the more ambitious projects undertaken by Alternet Systems.
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